Tutor Perini Corporation $TPC Shares Bought by Navellier & Associates Inc.

Navellier & Associates Inc. raised its holdings in Tutor Perini Corporation (NYSE:TPC) by 27.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,750 shares of the construction company’s stock after purchasing an additional 5,904 shares during the period. Navellier & Associates Inc. owned about 0.05% of Tutor Perini worth $1,860,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Quarry LP raised its position in shares of Tutor Perini by 74.7% during the 3rd quarter. Quarry LP now owns 428 shares of the construction company’s stock valued at $28,000 after acquiring an additional 183 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Tutor Perini by 968.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 470 shares of the construction company’s stock valued at $31,000 after acquiring an additional 426 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Tutor Perini by 2,085.3% during the 4th quarter. Farther Finance Advisors LLC now owns 743 shares of the construction company’s stock valued at $50,000 after acquiring an additional 709 shares in the last quarter. Quadrant Capital Group LLC acquired a new stake in shares of Tutor Perini during the 3rd quarter valued at approximately $72,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Tutor Perini during the 3rd quarter valued at approximately $92,000. 65.01% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tutor Perini

In other news, CEO Gary G. Smalley bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was acquired at an average price of $73.24 per share, with a total value of $732,400.00. Following the completion of the purchase, the chief executive officer directly owned 91,479 shares of the company’s stock, valued at $6,699,921.96. This represents a 12.27% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Peter Arkley bought 10,999 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were purchased at an average cost of $72.44 per share, with a total value of $796,767.56. Following the purchase, the director directly owned 208,600 shares of the company’s stock, valued at approximately $15,110,984. This represents a 5.57% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders bought 35,000 shares of company stock valued at $2,556,404. Company insiders own 15.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tutor Perini in a research report on Monday, April 20th. Wall Street Zen raised Tutor Perini from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Finally, UBS Group increased their target price on Tutor Perini from $86.00 to $98.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $86.50.

Tutor Perini Trading Up 4.9%

NYSE:TPC opened at $97.28 on Wednesday. Tutor Perini Corporation has a 1 year low of $22.44 and a 1 year high of $99.40. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 64.00 and a beta of 2.18. The business has a fifty day moving average of $79.03 and a 200-day moving average of $73.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.27 and a current ratio of 1.27.

Tutor Perini (NYSE:TPC) last released its quarterly earnings results on Thursday, February 26th. The construction company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.15. Tutor Perini had a return on equity of 18.02% and a net margin of 1.45%.The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the business posted ($1.49) earnings per share. The company’s revenue for the quarter was up 41.2% compared to the same quarter last year. Tutor Perini has set its FY 2026 guidance at 4.900-5.300 EPS. Equities analysts predict that Tutor Perini Corporation will post 4.72 earnings per share for the current year.

Tutor Perini Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, March 10th were paid a $0.06 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. Tutor Perini’s dividend payout ratio is presently 15.79%.

Tutor Perini Company Profile

Tutor Perini Corporation is a leading U.S. construction company that provides diversified general contracting, construction management and design-build services to private clients and public agencies. The company operates through three principal market segments—Civil, Building and Specialty Contractors—serving a broad range of infrastructure and vertical construction needs.

In its Civil segment, Tutor Perini delivers heavy civil infrastructure projects including highways and bridges, water management, dams, tunnels and rail systems.